HOUSE_OVERSIGHT_018813.jpg
1.48 MB
Extraction Summary
0
People
6
Organizations
3
Locations
3
Events
2
Relationships
4
Quotes
Document Information
Type:
Property appraisal / information report
File Size:
1.48 MB
Summary
This document is a property information report for the IGY American Yacht Harbor Marina in St. Thomas, U.S. Virgin Islands. It details the property's physical characteristics, ownership information, and the sale history, noting a transaction on January 19, 2007, where MOF VI Limited Partnership sold the marina to IGY-AYH ST. Thomas Holdings, LLC for $25,500,000. The document, marked 'HOUSE_OVERSIGHT_018813', does not mention Jeffrey Epstein or any specific individuals but details a significant commercial property in a location associated with him.
Organizations (6)
| Name | Type | Context |
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| IGY American Yacht Harbor Marina |
The name of the subject property.
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| IGY-AYH ST. Thomas Holdings, LLC |
Listed as the Buyer of the property in 2007 and the current Owner of Record.
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| MOF VI Limited Partnership |
Listed as the Seller of the property in the January 19, 2007 transaction.
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| Government of the Virgin Islands |
Leases 3.2 acres of seabed under the marina dock structures to the property owner.
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| irr. |
Logo appearing at the bottom of the document, likely the appraisal or real estate firm that created the report.
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| HOUSE_OVERSIGHT |
Part of the document's footer identifier (HOUSE_OVERSIGHT_018813), suggesting it is from a collection of documents re...
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Timeline (3 events)
1991-1995
The marina docks were constructed in multiple phases.
IGY American Yacht Harbor Marina, St. Thomas, USVI
1993
Majority of the construction of the 5 commercial buildings on the property was completed.
IGY American Yacht Harbor Marina, St. Thomas, USVI
January 19, 2007
Sale of the IGY American Yacht Harbor Marina property.
St. Thomas, USVI
MOF VI Limited Partnership (Seller)
IGY-AYH ST. Thomas Holdings, LLC (Buyer)
Locations (3)
| Location | Context |
|---|---|
Relationships (2)
Sale History table shows MOF VI Limited Partnership sold the property to IGY-AYH ST. Thomas Holdings, LLC on January 19, 2007.
Document states that the seabed is 'leased to the property owner from the Government of the Virgin Islands'. IGY-AYH ST. Thomas Holdings, LLC is the owner of record.
Key Quotes (4)
"The subject is an existing 250-slip marina with 5 commercial buildings containing a mixture of retail and office space types."Source
HOUSE_OVERSIGHT_018813.jpg
Quote #1
"The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands."Source
HOUSE_OVERSIGHT_018813.jpg
Quote #2
"Sale Price $25,500,000"Source
HOUSE_OVERSIGHT_018813.jpg
Quote #3
"To the best of our knowledge, no sale or transfer of ownership has taken place within a three-year period prior to the effective appraisal date."Source
HOUSE_OVERSIGHT_018813.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,383 characters)
General Information
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3
General Information
Identification of Subject
The subject is an existing 250-slip marina with 5 commercial buildings containing a mixture of retail and office space types. The buildings contain 48,661 square feet of rentable area and were constructed in multiple stages; with the majority of the construction completed in 1993. The commercial space is 85% leased as of the effective appraisal date. The marina docks were constructed in multiple phases between 1991-1995 and are 52.8% occupied as of the effective appraisal date. The total site area is 2.76 acres or 120,226 square feet, which includes 0.64 acre or 27,878 square feet, that is re-claimed land. The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands. The legal description of the property is shown below.
The subject is an existing 250-slip marina with 5 commercial buildings containing a mixture of retail and office space types. The buildings contain 48,661 square feet of rentable area and were constructed in multiple stages; with the majority of the construction completed in 1993. The commercial space is 85% leased as of the effective appraisal date. The marina docks were constructed in multiple phases between 1991-1995 and are 52.8% occupied as of the effective appraisal date. The total site area is 2.76 acres or 120,226 square feet, which includes 0.64 acre or 27,878 square feet, that is re-claimed land. The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands. The legal description of the property is shown below.
Property Identification
Property Name IGY American Yacht Harbor Marina
Address 18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
Parcel ID 1-07702-0135-00, 1-07702-0134-00, 1-07702-0133-00, and 1-07702-0198-00
Owner of Record IGY-AYH ST. Thomas Holdings, LLC
Legal Description Parcel Nos. 18A-1 Remainder, 18B-1 Remainder, 18B Remainder Estate and 18-W
Estate Smith Bay, Nos. 1, 2 and 3 East End Quarter, St. Thomas, U.S. Virgin Islands
Property Name IGY American Yacht Harbor Marina
Address 18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay
East End Quarter, St. Thomas, Virgin Islands
Parcel ID 1-07702-0135-00, 1-07702-0134-00, 1-07702-0133-00, and 1-07702-0198-00
Owner of Record IGY-AYH ST. Thomas Holdings, LLC
Legal Description Parcel Nos. 18A-1 Remainder, 18B-1 Remainder, 18B Remainder Estate and 18-W
Estate Smith Bay, Nos. 1, 2 and 3 East End Quarter, St. Thomas, U.S. Virgin Islands
Sale History
The most recent closed sale of the subject is summarized as follows:
The most recent closed sale of the subject is summarized as follows:
Sale Date January 19, 2007
Seller MOF VI Limited Partnership
Buyer IGY-AYH ST. Thomas Holdings, LLC
Sale Price $25,500,000
Recording Instrument Number document number 2007000531
Expenditures Since Purchase Unknown
Seller MOF VI Limited Partnership
Buyer IGY-AYH ST. Thomas Holdings, LLC
Sale Price $25,500,000
Recording Instrument Number document number 2007000531
Expenditures Since Purchase Unknown
The sale price is consistent with our market value conclusion considering the date of the transaction and the market fluctuation since that time. To the best of our knowledge, no sale or transfer of ownership has taken place within a three-year period prior to the effective appraisal date.
Pending Transactions
To the best of our knowledge, the property is not subject to an agreement of sale or an option to buy, nor is it listed for sale, as of the effective appraisal date.
To the best of our knowledge, the property is not subject to an agreement of sale or an option to buy, nor is it listed for sale, as of the effective appraisal date.
IGY American Yacht Harbor Marina
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HOUSE_OVERSIGHT_018813
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HOUSE_OVERSIGHT_018813
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